Beijing Doubles Down on TikTok Sale Opposition 3/15/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 15 March 2024
⏱️ 7 minutes
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| 0:00.0 | The Chinese government reportedly signaling that it will not allow a forced sale of Tik-Tok. |
| 0:05.0 | As the bill now heads for a showdown in the Senate, Deardre Bosa taking a look at how that ban might shake out for today's tech check. |
| 0:13.0 | What are you hearing, dear John? |
| 0:15.0 | Well, so it's certainly not implausible that the Chinese government might rather see |
| 0:20.0 | Tik-Tok fail than in the hands of an American consortium. So even if a buyer got together, ticked |
| 0:23.7 | fail than in the hands of an American consortium. So even if a buyer got together the financing |
| 0:26.1 | to do a deal Beijing, I'm hearing extremely unlikely to let go of the source code and |
| 0:31.2 | that is what makes tick talk tick talk. It's secret sauce. A lot of the source code and that is what makes Tik-Tok. It's secret sauce. A lot of the |
| 0:34.8 | discussions I've been having here in San Francisco they center around this idea |
| 0:38.4 | of whether the algorithm could even be replicated if you fork off the US business. |
| 0:44.4 | Is there enough there for another group of top tier AI data scientists to come in and |
| 0:49.6 | rebuild? |
| 0:50.6 | That would be extremely challenging though. |
| 0:53.0 | There are unique reasons that Tik-Toc has captured 170 million users here in the U.S. |
| 0:57.7 | It was developed in China, a country that plays by different rules. |
| 1:00.9 | They built out their internet in a very different way and they have a totally |
| 1:03.6 | different view of privacy. So it might look entirely different if it was built here. |
| 1:08.0 | Now overnight in Beijing, China's Ministry of Commerce, they seem to double down on the idea that it wouldn't just let |
| 1:13.6 | Tik-Tok be bought saying that the relevant party should strictly abide by |
| 1:17.1 | Chinese laws and regulations. Let's talk about those regulations because they could |
| 1:21.0 | stop a sale. Back in 2020, when we were first here talking about a potential sale during the Trump administration, |
| 1:27.0 | the Communist government added content recommendation algorithms, |
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